Intertek Group plc (OTCMKTS:IKTSF) Sees Large Growth in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 227,339 shares, an increase of 29.3% from the January 15th total of 175,880 shares. Based on an average trading volume of 3,632 shares, the short-interest ratio is currently 62.6 days. Based on an average trading volume of 3,632 shares, the short-interest ratio is currently 62.6 days.

Intertek Group Stock Performance

IKTSF opened at $63.32 on Monday. The company’s 50 day moving average is $62.45 and its 200-day moving average is $64.03. Intertek Group has a 1-year low of $52.22 and a 1-year high of $70.00.

About Intertek Group

Intertek Group plc is a global assurance, inspection, testing and certification company headquartered in London. It provides a broad range of quality and safety services to industries ranging from consumer goods and retail to electronics, chemicals, oil and gas, pharmaceuticals, and transportation. Through its network of more than 1,000 laboratories and over 1,000 offices across more than 100 countries, Intertek helps clients manage risk, ensure regulatory compliance and improve product performance.

The company’s core services include analytical testing, mechanical and electrical testing, inspection and auditing, product certification, and advisory services.